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The infodemic

Syed Fattahul Alim | 2020-12-01 00:00:00

Rumour and rumour-mongering have been around since the time humans learnt to compose and express their thoughts. Rumours, mostly a mixture of truth and untruth or half-truth, spread within a community faster than plain truth. A lie can travel halfway...

Gender difference after Covid

Hasnat Abdul Hye | 2020-12-01 00:00:00

During Pakistan period, till up to the independence of Bangladesh women remained largely invisible outside their homes, being seen outdoors having been a taboo for them. Not to speak of professional life, even in normal jobs in offices they were...

IDRA to scan non-life insurers' accounts

SYFUL ISLAM | 2020-11-30 00:00:00

The insurance regulator is set to scrutinise the bank accounts of all non-life insurers as part of its efforts to protect the interests of the policyholders and establish good governance in the companies, officials said.The Insurance Development and Regulatory Authority...

Bangladesh's higher education in need of an emergency master plan

Md Nasiruddin Mitul | 2020-11-30 00:00:00

Eight days after Bangladesh detected the first case of coronavirus, in March 2020, the government decided to keep all educational institutions closed, aiming to prevent the spread of the deadly virus. The education ministry later extended the closure several times...

When celebrities bow out

Neil Ray | 2020-11-30 00:00:00

If April was the cruellest month for TS Eliot's generation, the time has changed thanks to coronavirus. Now each and every month since the global spread of the pathogen that has had its origin in Wuhan, China, seems to be...

Where licences mean nothing

Shamsul Huq Zahid | 2020-11-30 00:00:00

The coronavirus has wreaked havoc, as elsewhere in the world, on life and livelihood in Bangladesh. The deadly pathogen until November 28 last claimed more than 6,500 human lives and infected 0.46 million people. The economic cost was also substantial...

TDS a disincentive to exports: MCCI

Doulot Akter Mala | 2020-11-29 00:00:00

The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, a leading trade body, has suggested halving the tax deducted at source (TDS) on exports, describing it as a disincentive to export growth and tax compliance. The trade body has also...

Integration of common stations challenging

MUNIMA SULTANA | 2020-11-29 00:00:00

As Dhaka is likely to get five mass rapid transit (MRT) lines in the next 10 years, integration of common stations at different points remains a challenge for the authorities concerned.Sources said the Dhaka Mass Transit Company Ltd (DMTCL) has...

RJSC set to visit big corporates

ISMAIL HOSSAIN | 2020-11-28 00:00:00

The Registrar of Joint Stock Companies and Firms (RJSC) is going to start visiting high-profile corporate houses to see their governance situation.The inspection will start next week and the chief of RJSC will lead the team of officials from his...

BB differs with IMF on review report

SYFUL ISLAM | 2020-11-28 00:00:00

The Bangladesh Bank (BB) has expressed its serious reservation about the several observations made by the International Monetary Fund (IMF) in its Financial Sector Stability Review (FSSR) report. The report has highlighted the current state of the country's banking sector...

Ctg port takes step to face corona wave

NAZIMUDDIN SHYAMOL | 2020-11-28 00:00:00

CHATTOGRAM, Nov 27: Chittagong Port Authority (CPA) is preparing to face the second wave of Covid 19 during the winter now. The CPA has intensified the screening activities for seamen and the authority has taken measures for their staff and...

Stocks keep losing for third week

Babul Barman | 2020-11-28 00:00:00

Stocks posted a marginal fall in outgoing week, extending the losing streak for three straight weeks, as investors mostly followed cautious stance amid rising trend of Covid-19 infections while some focused on primary market.Week-on-week, DSEX, the core index of the...

Making a difference in difficult world

Syed Fattahul Alim | 2020-11-28 00:00:00

The first half of the twentieth century saw big social, scientific and technological revolutions. It also witnessed two great wars. In the second half, there was an uneasy balance between two opposite political camps preaching two mutually exclusive and antagonistic...

Keeping the global focus on low-income countries

Kristalina Georgieva and Sigrid Kaag | 2020-11-28 00:00:00

Owing to the Covid-19 pandemic, the global economy is suffering its sharpest decline since the Great Depression. But while everybody is hurting, it is the world's poorest countries that will pay the highest price unless they receive more help.Some 1.5...

Spotlight on 'Begum Para'

Nilratan Halder | 2020-11-27 12:00:00

Issuing a suo moto rule, the High Court (HC) has directed the country's intelligence agencies and various government establishments to stop money laundering and submit details of those involved in the crime. The HC has also issued a rule asking...

Bank Asia working to boost financial inclusion

Siddique Islam | 2020-11-27 00:00:00

Bank Asia has adopted a massive action plan to achieve its target of raising the number of agent banking outlets to 12,000 by 2025 from the existing level of around 4,000 using union and city digital centres, post offices and...

Deadline extended to Dec 31

SIDDIQUE ISLAM | 2020-11-27 00:00:00

The central bank has extended the deadline further to implement the stimulus package for cottage, micro, small and medium enterprises (CMSMEs) from November 30 to December 31.It has also relaxed regulations allowing more trade-based financing under the package in line...

Safety and health training in informal sector and small businesses

Hasnat M. Alamgir | 2020-11-27 00:00:00

Reaching out to the workers and getting the messages on occupational safety and health (OSH) across can be quite challenging particularly for those working in the informal sector in the Bangladesh economy that employs largely and depends greatly on part-time,...

Tackling illegal foreign workers

Helal Uddin Ahmed | 2020-11-26 12:00:00

As is evident from numerous official and unofficial data, thousands of illegal foreign workers are staying in Bangladesh. The state certainly needs to look into these workers' status in a sympathetic manner, because many expatriate Bangladeshi labourers are also found...

Work on MRT-02 starts in six months

MUNIMA SULTANA | 2020-11-26 00:00:00

Work on mass rapid transit (MRT) line-02 will start in the next six months to develop a 128.74-kilometre MRT network in and around Dhaka city by 2030.Officials said Dhaka Mass Transit Company Limited (DMTCL) earlier appointed a consortium to conduct...

Pvt port to handle bulk cargoes

Doulot Akter Mala | 2020-11-26 00:00:00

The National Board of Revenue (NBR) has allowed Summit Alliance Port Limited (SAPL) to handle exports and imports of bulk and non-containerised cargoes to facilitate bilateral trade with India.From now on, the Inland Water Container Terminal (IWCT) of the company...

Govt weighs possibility of joining RCEP

SYFUL ISLAM | 2020-11-26 00:00:00

Bangladesh's inclusion in the Regional Comprehen-sive Economic Partnership (RCEP) and the Association of Southeast Asian Nations (ASEAN) would be an uphill task, given the high tariff gap between Dhaka and the members of the two initiatives, an official says.Bangladesh's average...

Students make business ideas that empowers

Mohammad Saiful Islam | 2020-11-26 00:00:00

The 'BIZ Innovision 2020'-- a business idea competition by Bangladesh University of Engineering and Technology Entrepreneurship Development Club (BUET EDC) and Job Market BD has been successfully organised. It is a competition where participants introduce their creative and sustainable business...

A good but incomplete start to debt relief

Paola Subacchi | 2020-11-26 00:00:00

A global collapse in economic activity during the Covid-19 pandemic has significantly increased the risk of debt distress in many countries, pushing the poorest ones to the brink. In response, various international organisations have unveiled a number of initiatives to...

Tariffs, deficits and free trade: NBR in the fray

M A Taslim | 2020-11-26 00:00:00

A news report in the Financial Express (FE) of November 19, 2020 must have bemused many trade economists and policy analysts. Under a headline 'NBR advises against deal in case Bangladesh has trade deficit' the reporter wrote, "The revenue board...

BR agrees to demolish Kamalapur rly building

MUNIMA SULTANA | 2020-11-25 00:00:00

The Bangladesh Railway (BR) will demolish the historic Kamalapur rail station building in order to accommodate space for mass rapid transit (MRT) line-06.To this end, a coordination meeting of BR, Kajima Corporation, Dhaka Mass Transit Company Limited (DMTCL) and Public-Private...

Apparel makers’ LC woes

Doulot Akter Mala | 2020-11-25 00:00:00

Country's apparel manufacturers and exporters, mainly the ones using local raw materials, are facing difficulties in procurement of inputs due to complexities in opening back-to-back letter of credit (LCs), industry insiders said.They alleged that a number of banks have recently...

What Covid is costing women

Pinelopi Koujianou Goldberg | 2020-11-25 00:00:00

Although Covid-19 infections and deaths are surging in many parts of the world, recent announcements of apparently successful vaccine trials have offered a light at the end of the tunnel. One hopes we can soon redirect our attention from the...

VAT reg to be eased

DOULOT AKTER MALA | 2020-11-24 00:00:00

The National Board of Revenue (NBR) is set to allow social media giants to register with the VAT department, though the foreign companies have no local bank accounts.The requirement for having a local bank account will be relaxed to facilitate...

SIBL to expedite digital transformation

Siddique Islam | 2020-11-24 00:00:00

Social Islami Bank Limited (SIBL) will expedite digital transformation aiming to provide unique services to its valued customers using modern technologies, the bank's top executive has said.The second generation private commercial bank (PCB) is now working to establish a robust...